Here’s How Much Shiba Inu Needed to Make $100K, $500K and $1M if SHIB Hits $0.00008, $0.00014 and $0.001
The post Here’s How Much Shiba Inu Needed to Make $100K, $500K and $1M if SHIB Hits $0.00008, $0.00014 and $0.001 appeared on BitcoinEthereumNews.com.
Shiba Inu investors would need to augment their bags to secure substantial returns should SHIB clinch some of its bullish targets. Amid the ongoing uncertainty in the broader crypto market, Shiba Inu has witnessed unique battles at important support and resistance levels. The recent market crash pushed SHIB to $0.00001548, marking an eight-day low. Shiba Inu Accumulation Steadies Interestingly, Shiba Inu has since recovered with the rest of the market, spiking by a massive 8.15% yesterday and recording an extra 1.55% on Oct. 5. Amid the rebound, investors have continued to retain their holdings. In addition, accumulation from key addresses has been on the high side. According to data from IntoTheBlock, investors holding at least $100,000 worth of SHIB have increased in number in recent times. Notably, addresses holding between $100,000 and $1 million worth of Shiba Inu have increased to 1,690, representing up to 0.12% of the total SHIB addresses. For context, these addresses collectively hold 36.67 trillion SHIB tokens worth $638.19 million. This figure is about 3.67% of the total Shiba Inu supply, making this tier address some of the biggest SHIB holders in the market. Shiba Inu Holdings Distribution | IntoTheBlock Notably, several market participants currently holding fewer SHIB tokens could also enter this tier of addresses with balances worth $100,000 to $1 million. For instance, an address holding 2.826 billion SHIB has a worth of $50,000 at Shiba Inu’s current price of $0.00001769 if SHIB’s price doubles, this holding will be worth $100,000. Amid growing investor interest in reaching this cohort of addresses, The Crypto Basic recently assessed how much a market participant must hold to see their tokens grow to $100,000, $500,000, or $1 million if Shiba Inu reaches varying price targets. SHIB Needed to Make $100K, $500K, and $1M at $0.00008, $0.00014, and $0.001…
Filed under: News - @ October 7, 2024 3:19 am